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Learn the critical factors for the deployment of smart meters and how to extract the greatest value through the adoption of advanced solutions.
Smart metering deployment is a common first step into smart grid solutions at scale for utilities, but many companies are still unclear about the optimal route to extracting value across the full scope of their business.
Whatever the uncertainties utilities currently face, it is clear that wide-scale deployment of smart meters will likely happen in most major markets. Whether utilities are at the stage of planning, preparation or actual deployment, the underlying challenge is that the simple term “smart” masks a multi-faceted and complex landscape. As a result, utilities rolling out smart meters can choose from a broad range of deployment approaches and a similarly wide array of potential benefits on which to actively focus.
Read more about the critical factors for the deployment of smart meters and the extraction of greater value through the adoption of advanced solutions.
Smart metering deployment represents a common first step into smart grid solutions at scale for many utilities.
According to Accenture analysis, the 10 largest national deployments worldwide are expected to add 500 million new smart meters by 2020, approximately tripling the 2012 global installed base. In addition, the locus of growth is shifting from North America to Europe, then Latin America and Asia.
Despite the ongoing rollouts, many utilities are still unclear about the optimal route to extracting value from these large investments. Whether utilities are at the stage of planning, preparation or actual deployment, the blanket term “smart” masks a more complex reality.
Smart metering means different things to different utilities, given the variety of:
There is a wide array of possible approaches to deploying smart technologies and benefit areas on which to focus most aggressively.
Smart metering has emerged as the dominant entry point into the smart grid journey for most distribution utilities. Looking around the world, the geographical focus of smart meter deployments is shifting from West to East, with the Asia Pacific region, specifically China, set to dominate overall global deployment by 2020.
Findings from Accenture’s utilities executive survey, conducted as part of Accenture’s Digitally Enabled Grid program, confirm that expected advanced metering infrastructure (AMI) benefits vary by region/geography. While North America is focused on outage improvements, Europe is more focused on retail benefits and meeting regulatory mandates.
Analytics is a key capability in smart metering value realization and Accenture’s executive survey results support this view, with analytics solutions representing the highest-priority smart grid solution, particularly for North American respondents. However, delivering these solutions will require an advanced analytics capability that enables integration and examination of large quantities of data.
Smart metering has the potential to provide transformative levels of information and control to utilities, but there is no simple solution to ensure benefit delivery.
The process of achieving ongoing value is more likely to be evolutionary in nature. Building in business and technical flexibility will be critical for seizing opportunities as the uses of smart metering evolve.
Accenture has identified five, critical success factors to help support sustainable benefits realization from smart metering across the full breadth of the business—from design through deployment.
Read the full report to learn more about each of these critical success factors in more detail.
October 30, 2013
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